Tady si muzete primo precist co pise anglicka banka.
Rika presne to same, co ja a profeser Jilek, ze banka pujcou vytvareni nove penize.
Ale mozna je jen projev neznalosti zakladni stredoskolske latky:-)
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf
http://www.scribd.com/doc/213346051
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Topical articlesMoney creation in the modern economy15
Introduction
‘Money in the modern economy: an introduction’, acompanion piece to this article, provides an overview of whatis meant by money and the different types of money that existin a modern economy, briefly touching upon how each type of money is created. This article explores money creation in themodern economy in more detail.The article begins by outlining two common misconceptionsabout money creation, and explaining how, in the moderneconomy, money is largely created by commercial banksmaking loans.
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The article then discusses the limits to thebanking system’s ability to create money and the importantrole for central bank policies in ensuring that credit and moneygrowth are consistent with monetary and financial stability inthe economy. The final section discusses the role of money inthe monetary transmission mechanism during periods of quantitative easing (QE), and dispels some myths surroundingmoney creation and QE. A short video explains some of thekey topics covered in this article.
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Two misconceptions about money creation
The vast majority of money held by the public takes the formof bank deposits. But where the stock of bank deposits comesfrom is often misunderstood.
One common misconception isthat banks act simply as intermediaries, lending out thedeposits that savers place with them.
In this view depositsare typically ‘created’ by the saving decisions of households,and banks then ‘lend out’ those existing deposits to borrowers,for example to companies looking to finance investment orindividuals wanting to purchase houses.In fact, when households choose to save more money in bankaccounts, those deposits come simply at the expense of deposits that would have otherwise gone to companies inpayment for goods and services. Saving does not by itself increase the deposits or ‘funds available’ for banks to lend.Indeed, viewing banks simply as intermediaries ignores the factthat, in reality in the modern economy, commercial banks arethe creators of deposit money. This article explains how,rather than banks lending out deposits that are placed withthem, the act of lending creates deposits — the reverse of thesequence typically described in textbooks.
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" Money creation in reality
Lending creates deposits — broad moneydetermination at the aggregate level
As explained in ‘Money in the modern economy: anintroduction’, broad money is a measure of the total amountof money held by households and companies in the economy.Broad money is made up of bank deposits — which areessentially IOUs from commercial banks to households andcompanies — and currency — mostly IOUs from the centralbank.
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Of the two types of broad money, bank depositsmake up the vast majority — 97% of the amount currently incirculation.
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And in the modern economy, those bankdeposits are mostly created by commercial banksthemselves
Commercial banks create money, in the form of bank deposits,by making new loans. When a bank makes a loan, for exampleto someone taking out a mortgage to buy a house, it does nottypically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bankdeposit of the size of the mortgage.
At that moment, newmoney is created.
For this reason, some economists havereferred to bank deposits as ‘fountain pen money’, created atthe stroke of bankers’ pens when they approve loans.
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